Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Short Interest Update

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,120,000 shares, an increase of 24.5% from the October 31st total of 899,900 shares. Based on an average daily trading volume, of 970,800 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at $30,000. Public Employees Retirement System of Ohio bought a new stake in Atlantica Sustainable Infrastructure in the 3rd quarter worth $44,000. Private Trust Co. NA grew its holdings in Atlantica Sustainable Infrastructure by 362.1% in the 3rd quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 1,995 shares during the last quarter. Headlands Technologies LLC grew its holdings in Atlantica Sustainable Infrastructure by 499.4% in the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock worth $90,000 after acquiring an additional 3,411 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Atlantica Sustainable Infrastructure by 433.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 6,064 shares during the last quarter. Institutional investors own 40.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Atlantica Sustainable Infrastructure in a research report on Saturday. They set a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.20.

Atlantica Sustainable Infrastructure Stock Performance

Shares of Atlantica Sustainable Infrastructure stock remained flat at $21.94 on Friday. 414,886 shares of the stock traded hands, compared to its average volume of 1,208,866. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 3.36. Atlantica Sustainable Infrastructure has a 12-month low of $16.82 and a 12-month high of $23.47. The company’s 50-day simple moving average is $22.03 and its 200-day simple moving average is $22.09. The company has a market capitalization of $2.55 billion, a P/E ratio of 75.66, a P/E/G ratio of 2.16 and a beta of 1.03.

Atlantica Sustainable Infrastructure Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be issued a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, November 29th. Atlantica Sustainable Infrastructure’s dividend payout ratio is currently 306.90%.

Atlantica Sustainable Infrastructure Company Profile

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.